40,081 Shares in Schwab Municipal Bond ETF (NYSEARCA:SCMB) Bought by Fiduciary Financial Group LLC

Fiduciary Financial Group LLC bought a new stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB) during the fourth quarter, HoldingsChannel.com reports. The firm bought 40,081 shares of the company’s stock, valued at approximately $1,022,000.

Several other institutional investors have also recently bought and sold shares of SCMB. Myecfo LLC boosted its stake in shares of Schwab Municipal Bond ETF by 101.2% in the 4th quarter. Myecfo LLC now owns 125,288 shares of the company’s stock valued at $3,230,000 after purchasing an additional 63,009 shares in the last quarter. AdvisorNet Financial Inc lifted its stake in Schwab Municipal Bond ETF by 108.2% in the 4th quarter. AdvisorNet Financial Inc now owns 32,128 shares of the company’s stock valued at $825,000 after purchasing an additional 16,699 shares during the last quarter. Pallas Capital Advisors LLC boosted its position in Schwab Municipal Bond ETF by 12.2% in the fourth quarter. Pallas Capital Advisors LLC now owns 539,702 shares of the company’s stock valued at $13,860,000 after buying an additional 58,543 shares in the last quarter. Kades & Cheifetz LLC increased its holdings in shares of Schwab Municipal Bond ETF by 102.1% during the fourth quarter. Kades & Cheifetz LLC now owns 14,189 shares of the company’s stock worth $364,000 after buying an additional 7,169 shares in the last quarter. Finally, Wedmont Private Capital increased its holdings in shares of Schwab Municipal Bond ETF by 100.9% during the fourth quarter. Wedmont Private Capital now owns 496,568 shares of the company’s stock worth $12,667,000 after buying an additional 249,379 shares in the last quarter.

Schwab Municipal Bond ETF Trading Down 0.2 %

Shares of SCMB opened at $25.42 on Wednesday. Schwab Municipal Bond ETF has a 52 week low of $25.37 and a 52 week high of $26.37. The stock has a fifty day moving average of $25.83 and a 200-day moving average of $25.94.

About Schwab Municipal Bond ETF

The Schwab Municipal Bond ETF (SCMB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated, investment grade tax-exempt debt, issued by US states and territories with varying maturities. SCMB was launched on Oct 12, 2022 and is managed by Charles Schwab.